Simon Khalaf channels energy into scaling Marqeta

The Marqeta CEO is tasked with taking the card-issuing fintech to the next level amid increased competition and an uncertain economic climate.

By Caitlin Mullen • Dec. 18, 2023

Fraud emerges as concern for FedNow users

The Federal Reserve is weighing additional fraud-fighting tools as it takes feedback from users of the new instant payments system.

By Lynne Marek • Dec. 15, 2023

Explore the Trendline➔

M&A

President Donald Trump’s reelection was predicted to yield loosened regulation. But tariff volatility and economic uncertainty has thrown a wrench into an expected boom in mergers and acquisitions.

By Banking Dive staff

Google Pay taps Affirm, Zip for BNPL

The tech giant has linked with the buy now, pay later companies to develop installment payment options to be offered next year.

By Caitlin Mullen • Dec. 13, 2023

FedNow may have spurred RTP adoption

The number of banks participating in The Clearing House’s real-time payments network surged this year after the launch of the rival FedNow system.

By Lynne Marek • Dec. 13, 2023

The Clearing House revamps leadership

Since his arrival in February, CEO David Watson has been remaking The Clearing House’s executive suite, with another appointment this week.

By Lynne Marek • Dec. 12, 2023

TD exec tapped as Discover’s next CEO

Michael G. Rhodes, previously the group head for Canadian personal banking at TD, will take the helm at Discover in March.

By Caitlin Mullen • Dec. 12, 2023

Discover to spend at least $500M on compliance next year

“We’re going to continue to invest whatever we have to invest in order to get the compliance issues behind us,” CFO John Greene said last week.

By Caitlin Mullen • Dec. 11, 2023

Amex CEO weighs in on Apple card reports

The card issuer’s premium designation isn’t compatible with all potential card issuing partners, Amex CEO Steve Squeri said Tuesday.

By Caitlin Mullen • Dec. 6, 2023

BNPL growth decelerates: Bank of America

The growth rate in the number of shoppers downloading buy now, pay later apps shrunk for this year's Thanksgiving shopping weekend compared to 2022.

By Tatiana Walk-Morris • Dec. 5, 2023

UK fintech Banked builds a US presence

The company expects its pay-by-bank services for bank clients will eventually lure retailers.

By Lynne Marek • Dec. 4, 2023

Who wants Apple’s credit card? Analysts weigh in.

Synchrony, American Express and Capital One have all been floated by analysts as potential successors to Goldman Sachs for Apple’s credit card.

By James Pothen • Dec. 1, 2023

SoFi exits crypto business

SoFi customers can liquidate their accounts, or choose to be migrated to Blockchain.com. If they do nothing, SoFi will liquidate the assets for them, to be transferred to their brokerage accounts.

By Gabrielle Saulsbery • Nov. 29, 2023

PayPal tackles chargeback fraud

PayPal is attacking illegitimate customer returns with new policies after a rise in e-commerce activity has fueled that type of fraud across the industry.

By Lynne Marek • Nov. 29, 2023

BNPL bolsters holiday weekend spending

The Black Friday through Cyber Monday shopping weekend was a boon for BNPL providers and payments companies such as Stripe and Square.

By Caitlin Mullen • Nov. 29, 2023

JPMorgan pushes up UK digital bank’s break-even timeline

The bank now expects its U.K. operation Chase to cross into the black in 12 to 18 months, at least two years ahead of a previous estimate, JPMorgan President Daniel Pinto said Tuesday.

By Dan Ennis • Nov. 29, 2023

JPMorgan Chase credit card snafu trips up Black Friday shoppers

The biggest bank in the U.S. erroneously declined some credit card users’ purchases on the busiest shopping day of the year, a day when HSBC also experienced an outage.

By Lynne Marek • Nov. 28, 2023

Plaid poaches Adyen executive for European expansion

Brian Dammeir sees opportunities for Plaid’s payments business to grow in Europe, particularly in account-to-account payments, he said in a Wednesday interview.

By James Pothen • Nov. 22, 2023

Binance names new CEO after taking $4.3B in penalties

“I made mistakes, and I must take responsibility," the crypto exchange's founder Changpeng Zhao tweeted. "This is best for our community, for Binance, and for myself."

By Gabrielle Saulsbery • Nov. 22, 2023

Binance CEO to step down: reports

Changpeng Zhao, the founder and CEO of the world's largest crypto exchange, will step down and plead guilty to AML charges, Forbes and WSJ reported.

By Gabrielle Saulsbery • Nov. 21, 2023

5 takeaways from Michael Barr’s remarks at The Clearing House conference

The Fed's vice chair for supervision expressed optimism about FedNow’s benefits while making the case for the central bank's contentious capital-requirements proposal.

By Suman Bhattacharyya • Nov. 20, 2023

Wise CFO credits customer growth for 280% profit jump

The fintech’s nearly quadruple jump in profits comes as its CFO is preparing to depart after an eight-year tenure.  

By Grace Noto • Nov. 17, 2023

Ramaswamy unveils crypto plan

The Republican is the first presidential candidate in his party to address crypto in his campaign platform.

By Gabrielle Saulsbery • Nov. 17, 2023

BNPL companies face grim outlook, Moody’s says

Fierce competition, persistent losses and regulatory constraints are likely to push some players out of the buy now, pay later market, Moody’s predicted.

By Lynne Marek • Nov. 13, 2023

Celsius bankruptcy plan approved

At its peak, Celsius purported to hold $25 billion in assets, and its failure was one of crypto's biggest before the fall of FTX four months later. It expects to emerge from Chapter 11 in early 2024.

By Gabrielle Saulsbery • Nov. 10, 2023

CFPB proposes new oversight for payment tech firms

Google, Apple and 15 other big non-bank technology companies that provide digital wallets or payments apps would be subject to increased regulation if a new Consumer Financial Protection Bureau rule is approved.

By Lynne Marek , James Pothen • Nov. 7, 2023